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The latest announcement is out from Hiscox ( (GB:HSX) ).
Hiscox Ltd has executed a share buyback program, purchasing 89,000 of its ordinary shares through Citigroup Global Markets Limited. The buyback, part of a previously announced program, saw shares bought at prices ranging from 1,378.00 GBp to 1,407.00 GBp, with an average price of 1,392.29 GBp. The repurchased shares will be canceled, potentially impacting the company’s share value and market perception positively by reducing the number of shares in circulation.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £1600.00 price target. To see the full list of analyst forecasts on Hiscox stock, see the GB:HSX Stock Forecast page.
Spark’s Take on GB:HSX Stock
According to Spark, TipRanks’ AI Analyst, GB:HSX is a Outperform.
Hiscox’s overall stock score is driven by strong earnings call performance and solid valuation metrics. Financial performance is stable but challenged by cash flow issues. Technical analysis indicates a neutral trend, with no strong momentum signals.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a global insurance company that provides a range of insurance products and services, focusing on niche areas such as property, casualty, and specialty insurance. The company is known for its expertise in underwriting complex risks and serves a diverse clientele, including businesses and high-net-worth individuals.
Average Trading Volume: 1,315,399
Technical Sentiment Signal: Buy
Current Market Cap: £4.66B
Find detailed analytics on HSX stock on TipRanks’ Stock Analysis page.